Telsey Advisory Group Raises Earnings Estimates for Tapestry

Tapestry, Inc. (NYSE:TPR - Free Report) - Telsey Advisory Group increased their FY2025 EPS estimates for shares of Tapestry in a note issued to investors on Friday, May 9th. Telsey Advisory Group analyst D. Telsey now expects that the luxury accessories retailer will earn $5.03 per share for the year, up from their prior estimate of $4.90. Telsey Advisory Group currently has a "Outperform" rating and a $92.00 target price on the stock. The consensus estimate for Tapestry's current full-year earnings is $4.91 per share. Telsey Advisory Group also issued estimates for Tapestry's Q4 2025 earnings at $0.97 EPS, Q1 2026 earnings at $1.10 EPS, Q2 2026 earnings at $2.14 EPS, Q3 2026 earnings at $1.07 EPS, Q4 2026 earnings at $1.05 EPS and FY2026 earnings at $5.35 EPS.

A number of other brokerages have also issued reports on TPR. Redburn Atlantic upgraded shares of Tapestry from a "neutral" rating to a "buy" rating and set a $110.00 target price on the stock in a research report on Tuesday, February 18th. Jefferies Financial Group increased their target price on shares of Tapestry from $80.00 to $83.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. Evercore ISI increased their target price on shares of Tapestry from $68.00 to $74.00 and gave the stock an "outperform" rating in a research report on Monday, January 27th. StockNews.com lowered shares of Tapestry from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Finally, Citigroup increased their target price on shares of Tapestry from $81.00 to $94.00 and gave the stock a "buy" rating in a research report on Friday. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.06.

Tapestry Stock Performance

TPR traded up $1.01 on Monday, reaching $83.67. The company had a trading volume of 3,585,063 shares, compared to its average volume of 4,218,887. Tapestry has a fifty-two week low of $35.23 and a fifty-two week high of $90.85. The stock has a market cap of $17.32 billion, a P/E ratio of 24.25, a P/E/G ratio of 2.01 and a beta of 1.41. The company's fifty day moving average is $69.90 and its 200 day moving average is $68.44. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.05 and a current ratio of 1.58.

Tapestry (NYSE:TPR - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The luxury accessories retailer reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.14. Tapestry had a net margin of 11.74% and a return on equity of 44.00%. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the business earned $0.81 EPS. Tapestry's quarterly revenue was up 6.9% on a year-over-year basis.

Tapestry Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, June 6th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Friday, June 6th. Tapestry's dividend payout ratio (DPR) is currently 36.84%.

Insider Buying and Selling at Tapestry

In other news, CFO Scott A. Roe sold 25,727 shares of Tapestry stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $86.56, for a total transaction of $2,226,929.12. Following the completion of the transaction, the chief financial officer now directly owns 146,587 shares in the company, valued at $12,688,570.72. This trade represents a 14.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Todd Kahn sold 7,786 shares of Tapestry stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $87.59, for a total transaction of $681,975.74. Following the transaction, the chief executive officer now owns 201,531 shares of the company's stock, valued at $17,652,100.29. This represents a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 106,537 shares of company stock valued at $8,986,589. Corporate insiders own 1.18% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Harbour Investments Inc. grew its holdings in shares of Tapestry by 120.1% during the first quarter. Harbour Investments Inc. now owns 361 shares of the luxury accessories retailer's stock valued at $25,000 after buying an additional 197 shares during the last quarter. Greenline Partners LLC acquired a new position in shares of Tapestry during the fourth quarter valued at about $29,000. Caitong International Asset Management Co. Ltd purchased a new position in Tapestry during the first quarter worth about $29,000. Coppell Advisory Solutions LLC boosted its holdings in Tapestry by 40.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 519 shares of the luxury accessories retailer's stock worth $34,000 after purchasing an additional 150 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in Tapestry during the first quarter worth about $35,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

About Tapestry

Tapestry, Inc provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women's handbags; and women's accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms.